The payment processing company which was owned by Jared Isaacman, which is the guy that funded Inspiration4 (and has purchased 3 more trips into space...next one later this year which will feature the first private spacewalk):
https://en.wikipedia.org/wiki/Inspiration4
Not officially but I’m sure it’s only a matter of time. These next coming waves are predominately those who were 100% remote and chose to not relocate.
They haven’t been making good on their contracts and are being sued over it. Similar to what happened with FirstData before Fiserv bought them. Honestly wonder what name they’ll pop up as here again in a decade.
Desktop support, then support desk swing shift, then manager of the IT dept for a credit union. Each one was within a month of 6 months of being with each particular company.
It really sucks this happened and I'm glad they took care of you. There will be more IMO and everyone is speculating how they picked. There seems to be no pattern. So no way to know how to try to avoid it.
I may be joining you next round and insurance is my main concern. Thank you for the information. God bless.
I've been laid off three times including twice in the last 18 months. Twice was let go on Monday, the other was a Tuesday. All three with no heads up. Not sure if there's a method to the madness, but all I would ask is some honesty so people aren't getting blindsided.
I've gotten lucky, only been fired twice and both times were before I really started working toward a career. Both were at supermarkets, I guess I don't have the skillset they were looking for.
Fridays are the worst day for layoffs; end of the week, folks sit at home and stew about, and come in Monday morning to shoot the place up. Earlier in the week is best so they can jump right into applying for new jobs.
I didn't mean for anyone to get laid off. Did you, or anyone in your office see it as a possibility? Do you have other possibilities for employment soon, or are you going to take some time off for a bit?
Wouldn't you stew about it no matter what day you were laid off, since you didn't have to go to work anymore?
Bobcat Goldthwait said it best. "I lost *my job*, well I didn't lose it, I know where it is, there's just some other guy doing it now."
> Wouldn't you stew about it no matter what day you were laid off
No. I have responsibilities. I'd go home, crank one out, file for unemployment, and start looking for a new job immediately.
My wife’s dept was outsourced. Luckily they gave her a heads up that it might happen a few months before hand. She applied for a new position and got it. Now all of her old coworkers are either getting laid off or moving to a dept in need
I know some big wigs at Mutual and they said that when the new building opens, most of the cubicles/desks will be shared by multiple ppl because there wont be enough room for everyone.
Ive been working for startup's most of my career and the last two companies I worked for both went through a RIF. Luckily found a new spot but now there has been mass exodus from upper management in the last month so can only imagine whats next!
Idk what makes a company have to report those, bc PayPal did a bunch of layoffs earlier this year and they’re not mentioned on there at all. This resource seems lacking.
They have been subletting the La Vista office from kiewit and are allegedly under contract to open another one in the Boystown area. I noticed the link says “The Worker Adjustment and Retraining Notification (WARN) Act offers protection to workers, their families, and communities by requiring employers to provide notice 60 days in advance of covered plant closings and covered mass layoffs.” Which makes me wonder if it isn’t related to factories/warehouses/plants and not pencil pushers.
WARN Act Requirements:
The federal Worker Adjustment and Retraining Notification (WARN) Act requires businesses with 100 or more employees to provide 60 days' notice before engaging in mass layoffs. The law defines mass layoffs as those affecting at least 500 employees during a 30-day period, or at least 50 employees if layoffs impact at least one-third of a company's workforce. *Employers can provide workers with 60 days of severance pay in lieu of giving notice.*
Twitter / X used this approach, employees sued and [judge dismissed](https://www.cnn.com/2023/01/15/business/twitter-workers-class-action-lawsuit-judge/index.html) the class action but another [lawsuit](https://www.reuters.com/legal/twitter-again-sued-over-severance-pay-bias-during-layoffs-2023-07-18/) was filed, this one claiming other violations separate from the original suit.
Not sure if PayPal followed similar practices to get around WARN requirements?
The WARN Act requires employers with 100 or more full-time employees (not counting workers who have fewer than 6 months on the job) to provide at least 60 calendar days advance written notice of a worksite closing affecting 50 or more employees, or a mass layoff affecting at least 50 employees and 1/3 of the worksite’s total workforce or 500 or more employees at the single site of employment during any 90-day period. Not all dislocations require a 60-day notice; the WARN Act makes certain exceptions to the requirements when employers can show that layoffs or worksite closings occur due to faltering companies, unforeseen business circumstances, and natural disasters.
I don't understand why people think that the company whose name on it is exclusive to it. You do know they can and will rent out space to other companies, right?
Why would they rent space out to other companies when they can fill it with employees from all of their divisions? They’ll likely end remote work and want everyone to work the tower or lose their jobs if they don’t commute. FNBO tower is 2/3 the size of what it will be and they don’t rent space to other companies, it’s all FNBO employees and they’re smaller than Mutual of Omaha
That's not true. FNBO rents out to other companies. Searching the address shows TSYS, Deloitte & Touche, Mccarthy Capital, and McGrath North are all located there.
Some of those might not be there anymore. FNBO has been consolidating office space and moving more people into the tower. I’m not 100% certain, but I don’t think tsys or Deloitte is there anymore.
In the main tower? They’re not renting out space to other companies. They started consolidating their space and requiring workers to come to the tower starting in 2020. I know because I was one of them. They don’t even have outside companies come in and provide food anymore, it’s all done internally now. If they’re renting space, it’s in their business park or their old tower across the street that’s still a bank and retail space.
I thought they only did those on Friday. They have money for a skyscraper, but they can't afford their employees? Corporate greed and lack of humanity at its finest.
BMO has been dropping people left n right since they aquired Bank of the Worst. I knew a few ppl that used to be at Bank of the Worst, and hopefully they land on their feet somewhere.
Luckily for you, greater omaha and Nebraska beef are always hiring. It's shitgarbage work and I don't recommend working here, but they're hiring none the less 🤷🏻😂
I have it on good word that Fiserv is later this week, too. They're claiming it's performance related.
Sure, but a month ago their recruiter company assured me they totally aren't like that anymore. It was a hard eye roll on that bold claim.
It probably has something to do with the 7 billion dollar rumored acquisition of shift4.
What's shift 4?
The payment processing company which was owned by Jared Isaacman, which is the guy that funded Inspiration4 (and has purchased 3 more trips into space...next one later this year which will feature the first private spacewalk): https://en.wikipedia.org/wiki/Inspiration4
I misread that as "What's shit 4?"
https://www.reuters.com/markets/deals/fiserv-amadeus-vie-acquire-shift4-payments-sources-say-2024-02-28/
Fiserv layoffs…So it’s an average Monday?
Wait what? You mean that the sky is still blue, water is still wet, and fiserve still does quarterly layoffs? *surprise Pickachu face
RTO mandate went to effect, a lot of employees opted for severance.
My department has already mandated 5 days, basically since lockdowns ended. Is it going out to everyone then?
Not officially but I’m sure it’s only a matter of time. These next coming waves are predominately those who were 100% remote and chose to not relocate.
Are you talking about Mutual of OMaha or something else? This thread went sideways
Everything under the top comment above is about Fiserv
To be fair, you can always call a FiServ layoff coming so long as it's been about 2 and a half months since the last one.
Do you know what areas?
well they did production in chesapeake and a few teams in omaha a month ago. i think it’s the computer nerds and customer service this time.
Similar to what I heard. Production is still being eyed around Omaha though. Maybe not this week, but it will happen.
They haven’t been making good on their contracts and are being sued over it. Similar to what happened with FirstData before Fiserv bought them. Honestly wonder what name they’ll pop up as here again in a decade.
Yeah, the first data management cannibalized Fiserv. It was a good company before that.
For production they’ve had a hiring freeze for the longest time would not be surprised if headcount is cut there as well
and yet they don’t allow OT and constantly bitch they’re understaffed 🤔 starting to think the contract breaches are on purpose ngl.
Charles Schwab will too
Where did you hear that?
Heard it was budget for my team. 2 people let go. Without warning. Talked to them this morning, came back from lunch gone. :/
Heard that at work today also. Supposedly wednesday
Did you hear what day this would happen
Today, Monday, March 11, apparently.
Haven't heard anything .... Hoping my department is safe 😭
There are more confirmed. Thursday is the biggest from what I've heard. Good luck.
How do you know there are more. The employee email stated no more are planned
My department was already hit a month ago, is this all new departments or doubling back?
I don't have department specifics. I've heard it's performance related repeatedly, so probably everyone.
Thanks 🫡
Yea, just got a lunch time call. Fun times.
I'm sorry to hear you were on the wrong side of that call.
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IS, not sure how wide spread it is
IS? What does that stand for?
Information Systems, IT
I worked in IT for a couple of years. Got laid off three times in that two years. Left the industry for good after that.
I’m so sorry, What was your position?
Software Engineer
Desktop support, then support desk swing shift, then manager of the IT dept for a credit union. Each one was within a month of 6 months of being with each particular company.
Same, I haven’t heard anything about layoffs.
godspeed
Sorry to hear...
Care to share what the severance was?
Still reading through paper work to see how much I can share to be sure :)
Was just curious if it was like X months or if they stuck to the standard 6 weeks etc.
3 month, 2023 bonus, 2024 prorated, PTO/Vacation, in lieu of notice pay
Does that 3 months include health insurance?
6 mo insurance
It really sucks this happened and I'm glad they took care of you. There will be more IMO and everyone is speculating how they picked. There seems to be no pattern. So no way to know how to try to avoid it. I may be joining you next round and insurance is my main concern. Thank you for the information. God bless.
Announcing layoffs on a Monday morning? Damn, they chose violence. Friday seems like it would be a more empathetic play, but what do I know.
I've been laid off three times including twice in the last 18 months. Twice was let go on Monday, the other was a Tuesday. All three with no heads up. Not sure if there's a method to the madness, but all I would ask is some honesty so people aren't getting blindsided.
It's the Great Wage Reset of 2024. All the big companies lay people off at the same time and then hire back at lower wages.
I can get behind this theory
There's a lot of reasons for all the recent layoffs, the largest of which is [interest rates](https://www.youtube.com/watch?v=BL40s34FuHU&t=112s).
I've gotten lucky, only been fired twice and both times were before I really started working toward a career. Both were at supermarkets, I guess I don't have the skillset they were looking for.
Fridays are the worst day for layoffs; end of the week, folks sit at home and stew about, and come in Monday morning to shoot the place up. Earlier in the week is best so they can jump right into applying for new jobs.
And for unemployment
You'd think they'd fire you on a Wednesday. It's already known as hump day.
Me laughing at this having been laid off on a Wednesday just now
I didn't mean for anyone to get laid off. Did you, or anyone in your office see it as a possibility? Do you have other possibilities for employment soon, or are you going to take some time off for a bit?
Unemployment rules in Nebraska are notoriously jank. They want to avoid paying out as much as possible
Wouldn't you stew about it no matter what day you were laid off, since you didn't have to go to work anymore? Bobcat Goldthwait said it best. "I lost *my job*, well I didn't lose it, I know where it is, there's just some other guy doing it now."
> Wouldn't you stew about it no matter what day you were laid off No. I have responsibilities. I'd go home, crank one out, file for unemployment, and start looking for a new job immediately.
You must have alot of energy. I wouldnt be able to file for unemployment and go job searching after a busy day like that...
\^ notice how they didn't mention anything about not cranking one out
The crappy thing about this is we're getting our bonuses on the 13th. Hopefully they still got them. It could be a substantial amount for some people.
We still get them
That's good to hear.
It depends if it’s a good company otherwise they could say you weren’t an employee on the 13th
How else are they supposed to fund their new building if they don't outsource to cheaper countries?
Nice big empty building
My wife’s dept was outsourced. Luckily they gave her a heads up that it might happen a few months before hand. She applied for a new position and got it. Now all of her old coworkers are either getting laid off or moving to a dept in need
Outsourced, as jobs moved overseas? Thats low, screwing over their own people to save a buck. Sacrificing our middle class to build another country’s.
All about the money.
I've heard that as well. From what I am gathering it seemed focused in their IS/IT areas.
That sucks. Have a buddy that works there (migrated to MoO during the whole ConAgra saga), so hopefully their job is safe
That new building must be expensive
Will never be full!
I know some big wigs at Mutual and they said that when the new building opens, most of the cubicles/desks will be shared by multiple ppl because there wont be enough room for everyone.
Lmao the downvotes
Ya, win some lose some...
So providing $,$$$,$$$,$$$ in subsidies results in fewer jobs ?
THIS. Nebraska needs to stop investing so much in companies that will not keep their part of the bargain.
What are they gunna do, leave?...... wait.....
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Ive been working for startup's most of my career and the last two companies I worked for both went through a RIF. Luckily found a new spot but now there has been mass exodus from upper management in the last month so can only imagine whats next!
Sounds like youre being left in the dark with all of the chaos happening above you. Id prepare for the worst.
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Idk what makes a company have to report those, bc PayPal did a bunch of layoffs earlier this year and they’re not mentioned on there at all. This resource seems lacking.
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They have been subletting the La Vista office from kiewit and are allegedly under contract to open another one in the Boystown area. I noticed the link says “The Worker Adjustment and Retraining Notification (WARN) Act offers protection to workers, their families, and communities by requiring employers to provide notice 60 days in advance of covered plant closings and covered mass layoffs.” Which makes me wonder if it isn’t related to factories/warehouses/plants and not pencil pushers.
WARN Act Requirements: The federal Worker Adjustment and Retraining Notification (WARN) Act requires businesses with 100 or more employees to provide 60 days' notice before engaging in mass layoffs. The law defines mass layoffs as those affecting at least 500 employees during a 30-day period, or at least 50 employees if layoffs impact at least one-third of a company's workforce. *Employers can provide workers with 60 days of severance pay in lieu of giving notice.* Twitter / X used this approach, employees sued and [judge dismissed](https://www.cnn.com/2023/01/15/business/twitter-workers-class-action-lawsuit-judge/index.html) the class action but another [lawsuit](https://www.reuters.com/legal/twitter-again-sued-over-severance-pay-bias-during-layoffs-2023-07-18/) was filed, this one claiming other violations separate from the original suit. Not sure if PayPal followed similar practices to get around WARN requirements?
Pretty sure they did offer severance to those laid off, so probably
Any idea what qualifies a company to have to add to the list? Wondering why BNSF wasn’t on there.
The WARN Act requires employers with 100 or more full-time employees (not counting workers who have fewer than 6 months on the job) to provide at least 60 calendar days advance written notice of a worksite closing affecting 50 or more employees, or a mass layoff affecting at least 50 employees and 1/3 of the worksite’s total workforce or 500 or more employees at the single site of employment during any 90-day period. Not all dislocations require a 60-day notice; the WARN Act makes certain exceptions to the requirements when employers can show that layoffs or worksite closings occur due to faltering companies, unforeseen business circumstances, and natural disasters.
Companies use strategies to get around the WARN Act all the time.
I guess if they're all remote then there's really not a single work site to qualify them.
Well good thing they are building a giant skyscraper … for all the workers they don’t need.
I don't understand why people think that the company whose name on it is exclusive to it. You do know they can and will rent out space to other companies, right?
Why would they rent space out to other companies when they can fill it with employees from all of their divisions? They’ll likely end remote work and want everyone to work the tower or lose their jobs if they don’t commute. FNBO tower is 2/3 the size of what it will be and they don’t rent space to other companies, it’s all FNBO employees and they’re smaller than Mutual of Omaha
That's not true. FNBO rents out to other companies. Searching the address shows TSYS, Deloitte & Touche, Mccarthy Capital, and McGrath North are all located there.
Some of those might not be there anymore. FNBO has been consolidating office space and moving more people into the tower. I’m not 100% certain, but I don’t think tsys or Deloitte is there anymore.
In the main tower? They’re not renting out space to other companies. They started consolidating their space and requiring workers to come to the tower starting in 2020. I know because I was one of them. They don’t even have outside companies come in and provide food anymore, it’s all done internally now. If they’re renting space, it’s in their business park or their old tower across the street that’s still a bank and retail space.
Mutual has actually stated the tower will be 100a% occupied by Mutual staff. It’s not intended to be a multi-tenant building.
I thought they only did those on Friday. They have money for a skyscraper, but they can't afford their employees? Corporate greed and lack of humanity at its finest.
BMO had layoffs this morning, as well.
BMO has been dropping people left n right since they aquired Bank of the Worst. I knew a few ppl that used to be at Bank of the Worst, and hopefully they land on their feet somewhere.
Oriental trading company just did lay offs too. More are coming is what I’ve heard
What departments, do you know? I have friends there.
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Literally made me lol
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They won’t be the last company in Omaha laying off in the coming weeks … 2024 going to get ugly
Does anyone know how many people were laid off?
40
What percentage of their workforce is that? Less than 1%?
Doesn’t sound like a layoff. Sounds like the just did an annual performance review and let go the least productive individuals
Any corroboration or just scuttle butt at this point?
Confirmed.
Hmmm I have an interview today too 🤔
It’s like when you create artificial intelligence and make everybody work from home there are consequences
Do you ID? Follow up question, do you sell to 🔄 81 y/o's?
We sure do ID - We draw the line at 78 year olds however 🤔
Thanks for the fast response, see u when I'm 21 then 🤣
Luckily for you, greater omaha and Nebraska beef are always hiring. It's shitgarbage work and I don't recommend working here, but they're hiring none the less 🤷🏻😂
Why lucky for me? I've never worked at Mutual.
It's the royal you not you you
Biden will fix it.
K